Medical Office Building with Exam
For Sale
$1,350,000
815 Pecan Grove Road E E, Sherman, TX 75090
Purpose-built medical facility with exam rooms, procedure rooms, private offices, and patient reception areas.
Property Size5,250 SF
Price / SF$257.14
Days on Market39
Property Features for 815 Pecan Grove Road E E
General Information
Standard status
Active
Size
5,250 SF
Amenities
high-speed connectivity
Building Details
Buildings
1
Building Size
5,250 SF
Listing Agency:
Bluestone Partners, LLC
(903) 813-1415
Listed By:
Will McDougal · License #0811267
(214) 799-4269
Source:
Prodeorealty
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 26 at 3:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bluestone Partners, LLC
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Investment Insights
Based on property information with market context.
This 5,250-square-foot medical office building is configured for clinical operations and includes multiple exam rooms, private offices, procedure rooms, reception and waiting areas, and storage. The layout supports a range of healthcare practice configurations, with high-speed connectivity and dedicated access for patients.
Located at 815 Pecan Grove Road E E in Sherman, Texas, the property includes on-site parking for patients and staff. Nearby hospitals and access to major transportation routes add practical convenience for medical office operations.
The building is suited to both owner-user occupancy and medical office investment, with an existing configuration designed around healthcare functions.
Located at 815 Pecan Grove Road E E in Sherman, Texas, the property includes on-site parking for patients and staff. Nearby hospitals and access to major transportation routes add practical convenience for medical office operations.
The building is suited to both owner-user occupancy and medical office investment, with an existing configuration designed around healthcare functions.
Key Highlights
- 5,250‑square‑foot medical office building
- Multiple exam rooms, private offices, and procedure rooms
- Reception, waiting areas, and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,817
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,340
$1.8M
Cap Rate 7%
$1,254,529
$1.3M
Cap Rate 9%
$975,744
$975.7K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$161.3K $30.72/SF
− Vacancy
−$44.2K −$8.42/SF
EGI
$117.1K $22.30/SF
− OpEx
−$29.3K −$5.58/SF
NOI
$87.8K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,340
Cap Rate 7%
$1,254,529
Cap Rate 9%
$975,744
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,817 @ 7.0% cap · market cap 6.50%
Second Best
Healthcare Medical
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 5.91%
Theoretical Best
Hotel Hospitality
$2.69M
$2.36M – $3.14M
NOI $188,528 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built medical facility with exam rooms, procedure rooms, private offices, and patient reception areas.
Where is this medical center located?
The property is located at 815 Pecan Grove Road E E Sherman, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,250‑square‑foot medical office building; Multiple exam rooms, private offices, and procedure rooms; Reception, waiting areas, and ample storage
